Guyana: Tax measures in 2026 budget

Proposals related to corporate taxes, VAT, and net property taxes

The 2026 budget features several tax-related proposals, including:

Removal of corporate taxes for businesses operating in the agriculture and agro-processing sectors
Elimination of value added tax (VAT) on locally made furniture and jewelry
Removal of import duties and VAT on security equipment, including security cameras and alarm systems
Removal of the net property tax on individuals
Increase of the income tax threshold from GY$130,000 to GY$140,000 per month
Introduction of a flat tax on double-cab pickups and the removal of VAT on new motor vehicles below 1500cc, as well as on new electric and hybrid vehicles below 2000cc

Read a January 2026 report prepared by the KPMG member firms in Caricom

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Guyana: Tax measures in 2026 budget

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